TABLE 4-8 According to the Record of the Registrar's Office at a at a State

question 65

Short Answer

TABLE 4-8
According to the record of the registrar's office at a state university, 35% of the students are freshman, 25% are sophomore, 16% are junior and the rest are senior. Among the freshmen, sophomores, juniors and seniors, the portion of students who live in the dormitory are, respectively, 80%, 60%, 30% and 20%.
-Referring to Table 4-8, what is the probability that a randomly selected student is a junior who does not live in a dormitory?

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Definitions:

Cash Equivalents

Short-term investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Receivables

Amounts owed to a company by its customers or other parties for goods or services that have been delivered or used, but not yet paid for.

Income Statements

Financial statements that report a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits.

Manage

The act of organizing, controlling, and overseeing resources or tasks to achieve specific goals.